1 Magnificent Dividend Stock Down 27% to Buy Right Now Near a Once-in-a-Decade Valuation
(NYSE: UL) is a consumer goods juggernaut that owns some of the world's most recognizable brands, including Dove, Axe, Vaseline, Knorr, and Ben Jerry's. With this arsenal of popular items across the consumer staples industry, the company is a perfect example of a bedrock stock that can be the cornerstone of any portfolio.
With a beta of 0.45, Unilever is a more stable stock than the market. However, despite being viewed as a flight to safety investment, Unilever could provide investors with market-beating total returns over the next decade.
This stock is down 27% from its all-time highs, trading at a once-in-a-decade valuation, and paying a hefty (but safe) 3.9% dividend yield. Here's why Unilever looks like a buy right now.
Source Fool.com
